Hurricane Irma and Hurricane Maria have caused devastating effects in Puerto Rico. The entire island was affected by the storm with 1 million residents lose power from Hurricane Irma. The storm has caused at least $90 billion dollars in damages (https://www.dailyforexreport.com/glen-wakeman-business-leader-assisting-small-start-companies/). The Red Cross has made a relief effort by providing cleanup kits, home repair kits, water, food, hand sanitizer, insect repellent, and many other supplies. There has been a major disruption in cell phone service, so the Red Cross is shipping satellite phones to help provide relief and restore some of the technology that was damaged.
The vast majority of Red Cross funding comes from donations. Even though the Red Cross has raised at least $55 million dollars for relief efforts, the effects of the hurricanes can still be seen everywhere with debris littering the island. The Red Cross is also providing medical attention by sending EMTs and nurses to Puerto Rico. Glen Wakeman is an investor who is working to help the Red Cross restore Puerto Rico. Wakeman made a donation of $1,000 to the American Red Cross to help relief efforts but also stay involved.
Wakeman is also a writer, entrepreneur, and mentor. His career has led him to work in 32 different countries and live in six. He’s currently the Chief Executive Officer and co-founder of LaunchPad Holdings. His experience also includes Mergers & Acquisitions as well as guidance for startup companies. The idea of LaunchPad Holdings came to fruition because he wanted to provide greater structure for startup companies to help avert the high failure rate. Wakeman continues to provide guidance in the areas of international finance platforms, angel investing, and capital raising. Puerto Rico is certainly in need of capital. Wakeman is excited about the potential of machine learning and what this technology can do to assist business problems.